Bill
Bill > A06407
NY A06407
NY A06407Establishes the minority- and women-owned business protection program to provide grants with funding from the American Rescue Plan Act of 2021 to qualifying entities that have less than 100 employees per location, was in existence in New York state by the first day the state disaster emergency related to COVID-19 was declared by the governor, can document actual economic harm or revenue shortfall as a direct result of the pandemic, and has filed 2018, 2019 or 2020 tax returns.
summary
Introduced
03/17/2021
03/17/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Establishes the New York state small business protection program to provide loans and grants to qualifying entities that have less than 100 employees per location, did not receive any federal funding for the Federal CARES Act, was in existence in New York state by the first day the state disaster emergency related to COVID-19 was declared by the governor, can document actual economic harm or revenue shortfall as a direct result of the pandemic, and has filed 2018, 2019 or 2020 tax returns.
AI Summary
This bill establishes the New York state small business protection program to provide loans and grants to qualifying entities that have less than 100 employees per location, did not receive any federal funding from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, were in existence in New York state by the first day the state disaster emergency related to COVID-19 was declared by the governor, can document actual economic harm or revenue shortfall as a direct result of the pandemic, and have filed 2018, 2019, or 2020 tax returns. The program is funded with $100 million from the American Rescue Plan Act of 2021 and may also receive state appropriations. The grants can be used for rent reimbursement, reimbursement for perishable inventory, payroll or independent contractor compensation, and utility payments.
Committee Categories
Business and Industry
Sponsors (24)
Inez Dickens (D)*,
Thomas Abinanti (D),
Jake Ashby (R),
Charles Barron (D),
Harry Bronson (D),
William Colton (D),
Catalina Cruz (D),
Jeffrey Dinowitz (D),
Steven Englebright (D),
Harvey Epstein (D),
Patricia Fahy (D),
Nathalia Ferna´ndez (D),
Richard Gottfried (D),
Judy Griffin (D),
Michael Montesano (R),
Amy Paulin (D),
N. Nick Perry (D),
Phil Ramos (D),
Robert Rodriguez (D),
Rebecca Seawright (D),
Jo Anne Simon (D),
Steve Stern (D),
Chris Tague (R),
Al Taylor (D),
Last Action
referred to small business (on 01/05/2022)
Official Document
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